Home » YNDC Offers Loans to Certain Youngstown Small Businesses - The Vindicator

The Youngstown Neighborhood Development Corp. is offering loans of $1,000 to $10,000 to certain small businesses in the city for equipment purchases.

The loans are available to start-up and existing businesses operating in Youngstown with no more than five full-time employees, one of whom is the owner and must be a city resident. The mission of the program is to promote self-employment, small-scale business creation and economic independence in city neighborhoods, according to YNDC. The loans have flexible repayment terms with 2-percent annual interest

Loan-application materials can be obtained from the YNDC office at 820 Canfield Road, or by emailing Liberty Merrill, YNDC land re-use director, at lmerrill@yndc.org.

Loan applications are due to the YNDC office by 5 p.m. Oct. 15, with approval in early November.